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cost basis

January 11th, 2011 at 04:49 am

Yippee - one fun bit of 2011 fallout from the 2008 bailout is that now all of my Drp transfer agents have to calculate, going forward, the cost basis of my shares in my accounts. Yippee...I was interested in selling some stock for the taxes (decided not to) and had to figure the cost basis. It was not, I repeat not, fun. I'm very happy that my accounts have to do it on the fly, starting with the shares bought in January 2011, and the dividends reinvested beginning of January 2012.

It will make figuring out my taxes, should I wish to sell my shares for some purpose, ever so much easier!

Tax season is coming up, but I'm really not feeling it. Nothing particularly exciting happened to me this year, and the interest rate is fairly poor, so I'm thinking that it will be straightforward enough for me to do my own taxes this year.

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